PANews reported on October 23rd that according to Caixin.com, the Hong Kong Securities and Futures Commission has approved the issuance and listing of the "Hua Xia Solana ETF" on the Hong Kong Stock Exchange. Although Hong Kong's regulators have allowed virtual currency spot ETFs to provide staking services, the issuance of the Hua Xia Solana ETF does not include staking. Industry insiders revealed that this may be due to the fact that a previous staking service provider Klin was suspected of being hacked, triggering the theft of coins from the Switzerland-based cryptocurrency platform SwissBorg, which made Hong Kong regulators believe that the staking function needs to be more carefully evaluated.PANews reported on October 23rd that according to Caixin.com, the Hong Kong Securities and Futures Commission has approved the issuance and listing of the "Hua Xia Solana ETF" on the Hong Kong Stock Exchange. Although Hong Kong's regulators have allowed virtual currency spot ETFs to provide staking services, the issuance of the Hua Xia Solana ETF does not include staking. Industry insiders revealed that this may be due to the fact that a previous staking service provider Klin was suspected of being hacked, triggering the theft of coins from the Switzerland-based cryptocurrency platform SwissBorg, which made Hong Kong regulators believe that the staking function needs to be more carefully evaluated.
Caixin: Hua Xia Solana ETF does not include pledge, possibly due to the need for more cautious assessment by Hong Kong regulators
PANews reported on October 23rd that according to Caixin.com, the Hong Kong Securities and Futures Commission has approved the issuance and listing of the "Hua Xia Solana ETF" on the Hong Kong Stock Exchange. Although Hong Kong's regulators have allowed virtual currency spot ETFs to provide staking services, the issuance of the Hua Xia Solana ETF does not include staking. Industry insiders revealed that this may be due to the fact that a previous staking service provider Klin was suspected of being hacked, triggering the theft of coins from the Switzerland-based cryptocurrency platform SwissBorg, which made Hong Kong regulators believe that the staking function needs to be more carefully evaluated.
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